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Islamic Finance Briefing - Categorized | Banking, Performance more

20 per cent dividend approved at Dubai Islamic Bank AGM

Posted on 01 April 2010

From Albawaba.com: Following the conclusion of its Annual General Meeting (AGM) today, Dubai Islamic Bank (DIB) announced that the assembly has approved the distribution of a 20 per cent dividend for the year 2009 including 15 per cent cash dividend and 5 per cent bonus shares.

During the AGM, the bank’s 2009 financial results were also approved. DIB’s net profit was AED1.2 billion for the 12 months ending December 31, 2009……………………………….Full Article: Source

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